Philips Q3 Report 2022

Quarterly Performance

• Group sales amounted to EUR 4.3 billion, with a 5% comparable sales decline, impacted by supply challenges, the covid situation in China and the Russia-Ukraine war
• Comparable order intake decreased 6% on the back of 47% growth in Q3 2021; book-to-bill 1.18
• Income from operations amounted to a loss of EUR 1.5 billion, mainly due to previously disclosed EUR 1.5 billion non-cash goodwill and R&D impairment
• Adjusted EBITA of EUR 209 million, or 4.8% of sales, compared to EUR 512 million, or 12.3% of sales, in Q3 2021
• Operating cash flow was an outflow of EUR 180 million, mainly due to lower cash earnings, temporarily higher inventories and consumption of provisions.